I still don’t understand why people are selling bitcoin from GBTC
Explain it to me like I am 5
Selling GBTC to buy the ETFs with cheaper fees? I dunno.
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Why don’t they lower their fees to competitive ones & they don’t have to worry about exits
They aren’t worried about exits, they have 660,000 Bitcoin with tons of capital gains taxes due on them
They’ll probably be able to trap a lot of them with 1.5% fees for years
